R&D Tax Credits for Appliances, Tools and Housewares: Over £19,000 in government funding claimed by cookware company under HMRC scheme.
This case study explores the claim made successfully to the value of £19,000 for the development of non-toxic cookware.
The client have developed a range of aesthetically pleasing, luxury cookware which provides a consistent and homogenous cooking experience.
By using a titanium lining, melded alloys of brass and stainless steel, the client produced hard wearing, anti-corrosive pans. These are long-lasting and prevent toxic leakage into food while cooking.
Challenges faced by the client included the necessary trial and error required to combine titanium with various alloys. Meanwhile, it was important to ensure the pans had the correct weight and balance for effective use.
The client also maintained and aesthetically pleasing design whilst meeting all requirements around longevity, health and cooking properties.
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At R&D Expert, we are increasingly identifying many companies working in the sector that could benefit from this important source of funding. Many more businesses can increase funding for further innovation by claiming as much as they are entitled to in R&D Tax Credits for Luxury Cosmetics product development.
Unfortunately, due to confusion over the government-backed funding, many companies are yet to claim the tax relief or cashback they deserve. We generally see businesses falling into two categories. First of all, businesses that are yet to claim at all as they do not realise they are eligible. In another common scenario, businesses do not receive the credit they deserve because they have not optimised their previous claims. However, we have many examples of previous success stories. So, it is always worth speaking to a Specialist. Because only the minority of cases are straightforward.
How do I know if my appliances, tools or housewares company could claim R&D Tax Credits? Consider:
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We are here to help. If you would like to know more about R&D Tax Credits for appliances, tools or housewares, or you would like to arrange a free consultation with our team of R&D Experts, get in touch today. We will be happy to discuss whether any innovative projects your company has developed may be eligible for R&D Tax Credits. Apply now or get in touch with us today: firstname.lastname@example.org T:0333 050 3995.